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Bay Street in Toronto.
Bay Street in Toronto.
(TIM FRASER FOR THE GLOBE AND MAIL)

On Bay Street, a battered mining industry turns hostile

There was a time when nothing was better than getting a hostile bid for your mining company shares. This is not that time.

Hostile acquisitions are creatures of the extremes of the mining cycle. There are now two big ones outstanding in Canada, and there are likely going to be more. And it’s not going to be very much fun to be the target.